East West Petroleum Corp. (CVE:EW – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.17 and traded as low as C$0.16. East West Petroleum shares last traded at C$0.16, with a volume of 10,100 shares changing hands.
East West Petroleum Stock Down 5.9%
The business’s 50 day moving average price is C$0.17 and its 200-day moving average price is C$0.19. The company has a market cap of C$1.45 million, a PE ratio of -2.29 and a beta of 0.85.
About East West Petroleum
East West Petroleum Corp., a junior oil and gas company, engages in the exploration, development, and production of oil and gas properties in New Zealand and Romania. It holds interest in a 30% interest in the Cheal-E site mining permit in the Taranaki Basin, New Zealand; and four exploration blocks covering an area of 1,007,500 acres in Pannonian Basin of western Romania. The company was formerly known as Avere Energy Inc and changed its name to East West Petroleum Corp. in August 2010. East West Petroleum Corp.
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